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The following function is a company's price function, where p is the price (in dollars) at which quantity x (in thousands) will be sold. p = 800 e...

The following function is a company's price function, where p is the price (in dollars) at which quantity x (in thousands) will be sold. p = 800e0.1x

(a) Find the revenue function R(x). [Hint: Revenue is price times quantity, p · x.]

R(x) =

(b) Find the quantity and price that will maximize revenue. (Round your answers to two decimal places.)

x

p = \$

(a) The revenue function, R(x) is 800xe -0.1x . (b) The... View the full answer

a) ﻿ R ( x ) = 8 0 0 x e ​ − 0 . 1 x... View the full answer

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